War in Ukraine – the cost to Europe’s economy and how Russia could respond
An interesting analysis from Carsten Brezski, ING Research’s global head of macro. It’s well worth a read. He projects:
• Massive spikes in European heating and gas bills.
• Surging food prices.
• Soaring commodity prices that “aggravate already existing inflationary pressures”.
• Shortages of essential metals hitting the auto, electronics and even dental industries.
• More fiscal stimulus, as evidenced by Germany’s decision to vastly increase military spending.
Putin put his nuclear forces on the highest alert. Would he really press the button?
Don’t bet he wouldn’t, this article from Fortune warns. It’s a sober assessment, worth reading.